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Telecom acquires fiber optic cable

Telecom acquires fiber optic cable

Telecom acquires fiber optic cable - MADIBA BAY OPTICS
AT&T (NYSE:T) has closed its previously announced transaction to acquire substantially all of Lumen's (NYSE: LUMN) Mass Markets fiber business for $5. This is reported in the AT&T press release. 5 billion in cash, subject to customary post-closing adjustments. The transaction expands. The deal, agreed a year ago, strengthens its transatlantic and intra-European subsea connectivity, adding key cables to its 160,000-kilometre fibre network spanning 37 countries, while reflecting a rare distressed-asset opportunity in today's telecoms market. In sum – what to know: Strategic. Three years after an Anchorage company trying to build a fiber optic cable from Asia to Europe via Alaska was bought by ...

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